Federal Bailouts Too Little, Too Late
I realize that figures like $700 billion hardly seem like too little but the fact is: For most working class Americans and impoverished people around the world $700 billion is nothing like the amount of money it will take to save the World Economy. From today's news:
"WASHINGTON The Bush administration insisted on Sunday that Congress must move quickly to approve what one lawmaker called the "mother of all bailouts" - a $700 billion proposal to buy a mountain of bad mortgage debt in an effort to unfreeze the nation's credit markets." Please continue reading.
"WASHINGTON The Bush administration insisted on Sunday that Congress must move quickly to approve what one lawmaker called the "mother of all bailouts" - a $700 billion proposal to buy a mountain of bad mortgage debt in an effort to unfreeze the nation's credit markets." Please continue reading.
Labels: Opinion
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